Bank of Baroda Raises Rates for Golden Goal Deposits

Bank of Baroda increased interest rates by 10 basis points for its bob Golden Goal Deposit Scheme, a special 555-day retail term deposit product, effective November 12, 2026. The rate revision applies to retail term deposits under ₹3 crore.

Under the new structure, resident super senior citizens aged 80 and above can earn a peak rate of 7.50 per cent per annum on non-callable deposits. Senior citizens will receive up to 7.40 per cent, while general customers, including NRO and NRE account holders, will earn up to 6.90 per cent on non-callable deposits.

Executive Director Beena Vaheed stated the increase aims to provide competitive returns and support the bank's deposit franchise and the credit requirements of a growing economy. The bank noted the move aligns with its asset-liability management strategy to strengthen its deposit base while maintaining margin stability.